April 2026 marked the strongest month of the year so far for the Central Okanagan, with sales activity and dollar volume both climbing significantly from March. The North Okanagan also continued its steady spring momentum, holding transaction levels relatively consistent while increasing overall sales volume year-over-year.
The larger story across both regions is not the slight decline in total unit sales compared with April 2025—it’s the fact that overall dollar volume increased despite fewer transactions. That points to higher-value properties making up a larger share of completed sales.
Central Okanagan Overview
April was the most active month of 2026 for the Central Okanagan by nearly every major metric. Although fewer listings entered the market compared with last year, active inventory also tightened, while stronger high-end sales helped drive total volume to a yearly high.
Market Statistics
- New Listings: 1,166 properties (↓16.48% from 1,396 in April 2025)
- Units Sold: 436 sales (↓2.02% from 445)
- Sales Volume: $361,496,187 (↑1.93% from $354,664,613)
- List-to-Sell Ratio: 96.41% (down slightly from 97.05%)
- Days to Sell: 68 days on average (up from 62)
- Active Listings: 3,820 (↓9.52% from 4,222)
By Property Type:
Single-Family Homes (excluding lakefront and acreages)
- 188 sales
- Average Price: $1,163,745
- Median Price: $977,750
- Active Listings: 1,274
- Days to Sell: 54
Condos & Apartments
- 95 sales
- Average Price: $495,516
- Median Price: $438,000
- Active Listings: 794
- Days to Sell: 68
Townhomes
- 60 sales
- Average Price: $691,721
- Median Price: $674,900
- Active Listings: 417
- Days to Sell: 71
Analysis: he Central Okanagan recorded 436 sales totaling $361.5 million in April. While transaction volume was slightly lower than April 2025, overall dollar volume increased, highlighting stronger activity in higher price ranges.
Single-family homes drove much of that increase. The average sale price rose 12.27% year-over-year to $1,163,745, while the median price climbed 3.19% to $977,750. The larger increase in average price compared with median price suggests more luxury transactions closed during the month rather than a broad market-wide surge in pricing.
The list-to-sell ratio softened only slightly to 96.41%, which still reflects a healthy and functioning market. Sellers continue to achieve close to asking price, while buyers remain selective enough to negotiate.
Days on market increased from 62 to 68, reinforcing the idea that while activity is improving, buyers are not rushing. Inventory levels have tightened enough to support sellers, but purchasers still have enough options to remain patient.
The condo segment remained stable, with average prices up just 0.61% year-over-year and median pricing relatively unchanged. Townhomes, however, saw softer activity, with sales and dollar volume both down approximately 10%. Some of the demand that previously shifted toward attached product during higher-rate conditions may now be returning to the detached market as confidence improves.
A key trend to monitor is declining supply. New listings dropped 16.48% year-over-year, while active inventory fell 9.52%. Fewer homes are entering the market, and if demand continues strengthening through spring and summer, conditions could tighten further.
Absorption Rate:
With 436 sales and 3,820 active listings, the absorption rate sits at approximately 11.41%, equal to roughly 8.8 months of inventory. This marks the strongest supply-demand balance seen in 2026 so far.
Overall, the Central Okanagan remains within Buyer’s Market territory under AIR methodology, though:
- Single-Family Homes: 14.76% absorption → Balanced Market
- Townhomes: 14.39% absorption → Balanced Market
- Condos: 11.96% absorption → Buyer’s Market
North Okanagan Overview
April brought steady, improving conditions to the North Okanagan. Although sales activity declined slightly compared with last year, overall volume increased, homes sold faster, and pricing remained firm.
Market Statistics
- New Listings: 426 (↓13.06% from 490)
- Units Sold: 151 (↓7.93% from 164)
- Sales Volume: $108,694,323 (↑1.95% from $106,611,044)
- List-to-Sell Ratio: 93.99% (down from 95.14%)
- Days to Sell: 71 days (improved from 75)
- Active Listings: 1,451 (↓2.49% from 1,488)
By Property Type:
Single-Family Homes
- 65 sales
- Average Price: $767,312
- Median Price: $710,000
- Active Listings: 390
- Days to Sell: 55
Condos & Apartments
- 10 sales
- Average Price: $303,300
- Median Price: $252,500
- Active Listings: 98
- Days to Sell: 53
Townhomes
- 21 sales
- Average Price: $528,693
- Median Price: $550,000
- Active Listings: 127
- Days to Sell: 45
Analysis: The North Okanagan recorded fewer sales than April 2025 but generated approximately $2.1 million more in sales volume. Similar to the Central Okanagan, fewer homes sold overall, but the homes that did sell carried higher values.
Average sale price across the region climbed 10.85% year-over-year, while median price increased 5.75%. Single-family homes led the gains, posting strong price growth despite softer transaction counts.
The key figure to watch in the North Okanagan is the list-to-sell ratio, which dropped to 93.99%. Buyers in this market are negotiating more aggressively than those in the Central Okanagan, and sellers are accepting larger discounts from list price.
However, homes are not lingering excessively. Average selling times improved from 75 to 71 days, indicating demand still exists for properly priced properties.
Townhomes stood out as the strongest-performing segment. They sold faster than any other property category across either region, averaging just 45 days on market. Condos remained more affordable entry-level options, though transaction volume was limited.
New listings declined more than 13%, but active inventory only dropped 2.49%, suggesting older inventory is still taking time to clear. Supply is tightening gradually, though not yet rapidly enough to create widespread competitive conditions.
Absorption Rate: With 151 sales and 1,451 active listings, the North Okanagan absorption rate sits at approximately 10.41%, equal to about 9.6 months of supply.
The region remains in Buyer’s Market territory overall, though:
- Single-Family Homes: 16.67% absorption → Balanced Market
- Townhomes: 16.54% absorption → Balanced Market
- Condos: 10.20% absorption → Buyer’s Market
Month-to-Month Comparison (Mar 2026 vs. Apr 2026)
Central Okanagan:
- Units Sold ↑10.1%
- Sales Volume ↑13.9%
- Days to Sell improved (76 → 68)
- Active Listings increased modestly
North Okanagan:
- Units Sold ↑9.4%
- Sales Volume ↑17.8%
- Days to Sell improved significantly (96 → 71)
- Active Listings increased slightly
The month-over-month trend confirms the spring market is now fully underway. Both regions increased sales and dollar volume from March, even after the seasonal rebound had already begun.
The North Okanagan’s improvement in days on market—from 96 days in March to 71 in April—was especially notable and addressed one of the region’s biggest concerns heading into spring.
Market Outlook
For Buyers: Negotiating leverage still exists, but the window is narrowing. Inventory levels continue trending downward year-over-year, while absorption rates are improving. Buyers still have flexibility, particularly in condo segments, but conditions are gradually tightening as summer approaches.
For Sellers: April reinforced the importance of accurate pricing. Homes entering the market at realistic values are selling close to asking price and within reasonable timelines. Overpricing remains the largest risk, particularly as market momentum builds.
For Investors: Single-family homes and townhomes in both regions have now entered Balanced Market territory. The North Okanagan remains especially attractive from a value perspective, with stronger affordability compared with Kelowna alongside measurable price appreciation. Townhomes continue to stand out for both speed of sale and tightening supply.
Conclusion:
April 2026 represented the strongest month of the year so far for the Central Okanagan, which recorded 436 sales and $361.5 million in volume. The North Okanagan added 151 sales and $108.7 million in volume while significantly improving selling times.
Both regions posted higher sales volume than April 2025 despite slightly lower transaction counts, confirming that higher-value homes are driving the current market. Active inventory across the Okanagan remains below last year’s levels, and several key segments have now shifted into Balanced Market territory.
While year-to-date unit sales remain below 2025 levels, the direction of the market through April continues to strengthen heading into the summer season.
Source: Association of Interior REALTORS® – April 2026 Monthly Statistics Reports